Hilton Grand Vacations (NYSE:HGV) Trading Down 5.3% – Here’s Why

Hilton Grand Vacations Inc. (NYSE:HGV) fell 5.3% on Monday . The company traded as low as $50.20 and last traded at $50.11. 122,809 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 927,414 shares. The stock had previously closed at $52.91.

Analysts Set New Price Targets

HGV has been the topic of a number of analyst reports. Morgan Stanley raised their price objective on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, April 10th. Weiss Ratings restated a “hold (c)” rating on shares of Hilton Grand Vacations in a research report on Friday, May 29th. Barclays increased their target price on Hilton Grand Vacations from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Truist Financial upped their target price on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, The Goldman Sachs Group raised Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 target price on the stock in a research report on Monday, June 1st. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $56.89.

Hilton Grand Vacations Stock Down 4.1%

The business has a 50-day moving average price of $49.56 and a 200-day moving average price of $46.53. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 0.47 and a beta of 1.51.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.43. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. As a group, equities analysts anticipate that Hilton Grand Vacations Inc. will post 5.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Carlos Hernandez sold 5,595 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total transaction of $261,230.55. Following the completion of the sale, the insider directly owned 14,080 shares of the company’s stock, valued at $657,395.20. This trade represents a 28.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark D. Wang sold 190,813 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $51.93, for a total value of $9,908,919.09. Following the transaction, the insider directly owned 904,241 shares in the company, valued at $46,957,235.13. This trade represents a 17.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 229,315 shares of company stock valued at $11,738,497 over the last three months. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bard Associates Inc. bought a new position in Hilton Grand Vacations in the fourth quarter valued at $29,000. EverSource Wealth Advisors LLC grew its position in shares of Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after purchasing an additional 565 shares in the last quarter. Leonteq Securities AG lifted its position in shares of Hilton Grand Vacations by 189.7% during the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after acquiring an additional 440 shares during the period. GAMMA Investing LLC grew its stake in Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after buying an additional 349 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Hilton Grand Vacations in the fourth quarter valued at approximately $44,000. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.